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jcowmkrstt j by roger varley staff writer- barry santiagoof markham said he lost aquarteqfarhilliondollarsto a man who enticed him into ajreal estate investment santiago who requested his real name not hie published said he lost 250000 when he placed his trust in a man he had known for two years- a fel low member of a local service clubf he was not alone four other mem bers of the same club also took the bait when a fellow member asked if they were interested in investing in a devel- opmeritprbperty in all the men lost a combined 400000 pet fred keif an investigator with s the york regional police fraud squad said he anticipatesthe amount involved will be greater as more people come for- ward to talk of their dealings with a sus pect five victims were persuaded to invest in a real estate venture near minden between february 2000 and v i kept being talked out of pursuing suspicions by one of the others because it would ruin everything i went in on the deal because you expect i- to trust fellow members june 2001 but say the property was never bought arid the money never invested r santiago said me investment scheme involved buying property hear minden and applying todevelop it as a resort then wed take a leveraged mort gage and invest overseas he said it was a pretty risky deal but it sounded pretty good i figured wed always have the land as collateral but the land was never bought santiago said he wasnt interested in theventureat first but changed his riiind when three other members invested n i didnt want to do thedeal in the beginning but the dtheonembers said they had checked everything out and everything was fine he said i trusted tiieir judgment i was pretty shocked when i found out what was going on k santiago said he began to suspect something was wrong- about three months afterinvestirig his money- ikept being talked out of pursuing f suspicions by- one of the others because it would ruin everything i went in on the deal because you expect to trust fellow members looking back it hurts quitea bit kerr said a suspect operated out of he said no one can really afford to lose two hotels one in richmond hill and a quarterofa dollars but i felt one in markham in the hwy 7hwy comfortable at the time 404 area- police said a sixmonth investigation i he has never been a financial advis- indicated a suspect converted the vast er and is riot licenced by the ontario majority of funds for his own personal securities commission said kerr use the investigation is continuing police arrested and charged steven anyone withinforrhation should call peck 53 of markham sunday on sever- 9057731222 ext 7114 al counts of fraud depressed anonymous iffyusifeelalone ciexpenencejfeelings t jju have thoughts laucmggsggg i r depressed aiionymous self help grpup weekly groups in richmond hillaurorarnewmarket support for supporters group in for family and f riendsnewhnarket fpr more information call 905 8987466 newmarket 416 7988500 toronto line extension o health 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